'South Africa needs macro-economic solutions'

The controversial economic strategy blueprint released last week by Finance Minister Tito Mbeweni has received flack for not going through a consultative process within the tripartite alliance.

The blueprint for South Africa aims to boost growth and create jobs.

RELATED: 'Cosatu is against Mboweni's economic plan because it might just work'

The document details the structural reforms needed to get South Africa out of its decade-long economic crisis.

RELATED: Tito Mboweni publishes evidence-based plan to fix structure of broken economy

Eusebius McKaiser talks to Applied Development Research Solutions chief economic modeller Dr Asghar Adelzadeh about Mboweni's plan.

Adelzadeh describes it as a micro-economic policy document and adds, even though the problems are micro-growth employment, South Africa needs macro-economic solutions.

What drives the investment in the different sectors of the economy is a mix of demand and supply-side measures, not just supply-side measures.

Dr Asghar Adelzadeh, Chief economic modeller - Applied Development Research Solutions

Listen below to the full conversation:


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